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Question Practice

What is the common effect of recording a high value of depreciation on the profit and loss account?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

What is the common effect of r...

Single Answer MCQ
Q-00054303

What is the common effect of recording a high value of depreciation on the profit and loss account?

1

It increases reported profits

2

It decreases net income

3

It has no impact on taxes

4

It improves cash flow

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Q1.

What is depreciation?

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Q2.

Which method calculates depreciation as a fixed percentage of the book value each year?

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Q3.

What factor does NOT affect the calculation of depreciation?

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Q4.

What is the salvage value in relation to depreciation?

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